SuperCom regains compliance with Nasdaq minimum bid price requirement

SuperCom announced that it has received notice from The Nasdaq Stock Market that the Company has regained compliance with Nasdaq’s minimum bid price for continued listing on the Nasdaq Capital Market set forth in Nasdaq Listing Rule 5550(a)(2). On December 13, 2021, Nasdaq notified the Company that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules of The Nasdaq Stock Market. On December 8, 2022, Nasdaq determined that for the last 10 consecutive business days, from November 23rd through December 7, 2022, the closing bid price of the Company’s common stock has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2), and Nasdaq considers this matter now closed.